IoT, one of the most talked about industries in the last decade has gone through its beginner stage as an industry and is moving towards some big and dynamic changes in the whole system in this year of 2018 itself.
IOT has gathered a lot of attention now, with every industry using it or including it in some form or the other. IOT increases productivity, efficiency and also explores new business model. The global IOT market is increasing at a significant rate. In the last five years all IOT industries as well as companies have grabbed a significant notice. Here are some uses of IOT trends in different sector.
In this year of 2018, there’s a high expectation among Industry leaders that the Blockchain Technology will increase its stand as one of the most lucrative trends in the IOT industry. Since the boom in awareness about cryptocurrency in the last few years and Etherium and Bitcoin becoming household discussion topics, investment in Blockchain is expected to go up this year. But how will Blockchain facilitate the IOT industry? If the technology of Blockchain is merged with IOT, it will open a vast area of possibilities, one of which will be a secure way of recording the data processed by IOT devices. Blockchain could provide the infrastructure needed by two gadgets to transfer money or data directly and IOT will use the “smart contracts” avenue to incorporate the agreement made between the two parties. This will be a boon for the IOT industry because it adds another dimension of security to the data and in case of any leakage, blockchain can locate the issue node and repair it faster.
IOT in medicine
Whenever we have thought about IOT, one of the first scenarios that comes into our minds is our home appliances and our phones talking to each other and making our life a little bit easier. However, there’s a very big avenue where IOT can be and is being used to and that is probably the best use of it. IOT is currently in the process of being incorporated into the medical field on a large scale. Currently, there are some hospitals which are already testing out a few applications of IOT in the healthcare industry like Remote Monitoring of patient, better alerts and management of patients arrival, Cleanliness in the room. According to a report, the expenditure and investments on IOT in the healthcare sector are projected to grow at a rate of 15 percent per annum, with a volume of up to $117 billion by the year 2020. Needless to say, IOT can prove to be a huge boon for the healthcare sector.
Big Data and AI
Now that billions of consumer and industrial devices are being connected to IOT and transmitting data every passing minute, the amount of data that is produced needs to be processed and analyzed, will grow multiple folds. The key idea is not just to procure data but to extract workable and detailed insights from this data and that will need some fast and executable big data techniques and artificial engineering works to process all that huge amount of data.
A collective convergence of AI, IOT and Big Data is going to give rise to a wave of next-gen applications and advancements. And, it may become a difficult task to look at either of these three technologies as a stand-alone Technology anymore. Companies these days are going big on Data Analytics to drive their business for growth as they can understand how their customers are behaving in relation to their products. Now, more and more companies are realizing that they can make this process even faster and more efficient with the involvement of IOT in it. As of
2018, one thing is for sure, that IOT is going to be one of the most sought-after technologies by Industries which rely on Big Data.
In the Digital Ecosystem of the year 2018, Data security is something that can definitely not be ignored and will be one of the top IOT trends of 2018 and beyond. Everyone from IOT industry leaders to tech-savvy consumers has shifted their focus from just the “Wow!” factor of IOT to data security, and 2018 will witness major progress in the field of IOT protection and privacy.
The new GDPR set of regulations related to data privacy that needs to be implemented in the Europian Nation and other overall developments in the personal security worldwide, security will undoubtedly receive a kickstart again as a result of IOT developments in 2018.
The real challenge, however, will be to make people understand the changes in the system as well as their outcomes clearly, and adopt concrete measures to benefit from the possible upside because some people will find it increasingly difficult to go through their IOT devices without banging into some firewalls. So needless to say, IOT security will be under heavy scrutiny.
The risk of cybersecurity failing will greatly increase as enterprises, people, and processes connect every part of their daily lives, along with national economies. The harsh truth is, the future environment may allow for attacks to be mounted not only from public networks but even private gadgets, like a smart home or smartphones. Thus, IOT security features will prove useful and it is to be expected that IOT industry is going to come up with an unexpected addition for fortifying the security in the connected world of IOT.
The global mining industry has witnessed as significant transformation the prime reason behind such transformation is the introduction of numerous smart mining technologies for carrying out operations these include several automated mining equipment sensors, RFID tags and different types of mine monitoring software.
IOT is the creation of a network of physical devices which enables to establish connectivity while exchanging data without human to human or human to computer interaction.
HISTORY OF MINING INDUSTRY
Previously the mining industry was largely dependent only on labour force. Miners mainly used iron, chisels and hammers, pickaxes, compressed drills, and other manually operated tools for mining operations.
Emergence of IOT in Mining Industry
Market size for connected mining segment has considerably grown over the past few years as there is an improved emergence in mining industry, which has not only ensured opportunities for the market but also led to significant investment in smart mining.
As opportunities are rising in the market, it will ensure productivity, sustainability and safety with minimum amount of cost wastages involved. As a result of which miners will be benefitted with smarter, cheaper and smaller internet connected sensors in their factories. Previously the global smart mining markets was under valued but now it is projected to reach dollar 22,589.5 millions by 2024 and expecting their annual growth increasing by 14.7% from 2016 to 2024.
Beacons are strong wireless devices which helps to transmit signals via BLE. Beacon has a strong influence on purchases, app engagement and retention. retailers can use Beacon as a advertising tool
Industries which can use Beacon Technology are b2b, ecommerce hospitality information technology politics health,real estate sports etc, beacon helps to get accurate location within a small area and even transmits small amount of data via bluetooth low energy upto 50 metres. It is not only beneficial for indoor location technology but also can be applied outside. It is possible to estimate distance from a beacon by measuring relative signal strength and to estimate exact location by beacon triangle
There is lot of buzz everywhere about internet of things. But what is IoT? Where it can be used? What are its benefits? Is it a boon for us? How does it work? What is its Importance? Here is an detailed answer to your questions.
IOT is the creation of a network of physical devices which enables to establish connectivity while exchanging data without human to human or human to computer interaction. While the world is getting modern, machines are getting advanced some of the best gifts bestowed upon us by technology are sensor driven decision analytics, instantaneous control and response to complex autonomous systems, tracking buying behaviour for real time marketing, smart home devices and health care monitoring via internet of things.
Application of IOT
· Supply chain and logistics: Industries can track the deliveries of their material by the use of RTLS. Perishable goods can be monitored to keep it safe from damage.
· Workers safety in plants: These devices can be used inside factories as well as during rescue against some hazards.
· Inventory management: To track down the flow of inventory in retail shops so as to track which goods are flowing fast and which are not, understanding the shelf life of goods.
· Production flow monitoring: IOT in manufacturing can be used to monitor the production process start from refining process to final packaging. This will make the industries to digitalize their whole manufacturing process.
· IOT in agricultural sector:It ensures the crop and soil receive exactly what they need for optimum health and productivity. This will increase the profitability.
How does IOT work?
Devices have built in sensors which are connected to IOT platform which integrates data from different devices and analyses to give the result. There are lots of other parts in an IOT device: sensors, actuators, board antennas , chips, web/mobile interfaces and so forth. Sensors can help to collect information related to what a business wants to achieve by sensing its surroundings. On the other hand, actuators help to bring changes in the state. They take decisions and report data back so that an effective solution can be perceived.
1. Automation of an entire factory build on over 5 acres of land.
2. Understanding the flow of the production process.
3. Picking out technologies to be used for different components of Supply Chain
4. Architecture for Inventory Visibility at every level & its control
Approach & Solutions:
We developed a multi-purpose application with inventory, automated tracking, reporting, etc. that was used to turn RFID reads to actionable intelligence.
1. Our tracking platform manages data from RFID, barcoding & QR, BLE & Beacons, RTLS, outdoor GPS location and even from generic IoT sensors.
2. Every item or pack that was manufactured was given a unique, secure identity in the cloud for tracking and monitoring throughout its lifecycle. Rich individual profiles were created with detailed product and logistics information, such as the intended destination or where it was made.
3. On-product sensors can record temperature and humidity or the status of packaging (such as damage in transit), and send this data in real-time to the cloud where customizable rules automatically register analytics and trigger alerts and business workflows
4. Mobile and supply chain apps were built for brand inspectors and consumers to identify and scan products.
5. Each interaction is captured in real-time and sent to the cloud, updating the product’s profile with scan location, user information or product status. This data is used to trigger customized rules or alerts; for example, to send an SMS to the nearest field investigator based on the geo-location of the scan.
6. A wealth of data on the products, operations and consumers is available in the intuitive dashboard which provides actionable insight on distribution partners, countries or product lines, as well as direct end user information including social profiles, locations and preferences to help build a valuable marketing database.
1. Traceability through Live location and time-based data on all inventory, with parent-child hierarchies covering component-level to shipment-level.
2. Real-time reports and alerts on cold chain performance and quality control data.
3. Real-time stock levels at warehouses and retail outlets, with auto replenishment to reduce out of-stock situations
4. The same technology allowed the marketing teams to launch consumer engagement campaigns, where the product itself became brand-controlled, interactive media.
5. Once the faulty ingredient, packaging or batch is isolated, the company was able to identify all the affected stock and its location. This pinpoint accuracy enabled the manufacturers to make recalls faster, minimize the scale and out-of-pocket costs of the recall, and consequently limit the longer-term, devastating damage to brand reputation
With real-time cold chain management, instant alerts could be sent if temperature thresholds were exceeded so that cargo spoilage and disposal charges were prevented.
6. Products which ends up in the wrong markets were spotted using geo-location software rules which could be notified to the staff in real-time via dashboard alerts and SMS.
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